Rackspace Technology Aktie News

Shares of a little-known cloud-computing company that has been striking big deals with tech giants have been on a tear this year. And a new deal with Advanced Micro Devices is furthering that notable rally.

Shares of Rackspace Technology RXT climbed about 16% in trading on Tuesday after the cloud services provider announced a major infrastructure agreement with Advanced Micro Devices and announced a 15% cut in its global workforce. The company said it has signed a definitive agreement with AMD for the phased deployment of up to 30 megawatts of dedicated compute capacity across Rackspace's global d...

Rackspace Technology strikes a deal with Advanced Micro Devices to use AMD chips in its AI data centers.

SANTA CLARA, Calif. and SAN ANTONIO, June 16, 2026 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) and Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the signing of a definitive agreement for the phased deployment of an initial 30 MW footprint dedicated to AMD-based compute deployments across Rackspace's global data centers beginning in ...

Rackspace is pivoting to high-margin, managed AI cloud services through partnerships with Palantir and AMD, targeting regulated industries. RXT's asset-light strategy avoids large capex, focusing on enterprise AI workloads and consulting revenues, supporting a path to GAAP profitability. Despite 2% YoY revenue growth and improved operating loss, RXT trades at a significant P/S discount vs. peer...

Rackspace Technology (NASDAQ:RXT) has established a regional headquarters in Riyadh as the cloud-services company moves to accelerate its cloud and artificial intelligence growth in the Middle East. The new regional headquarters in the Saudi capital is intended to support Rackspace's expansion in cloud and AI services, the company said.

RIYADH, Saudi Arabia, June 08, 2026 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the establishment of its regional headquarters in Riyadh, Saudi Arabia, reinforcing the company's long-term commitment to the Kingdom of Saudi Arabia and the broader Middle East region. The new regional headquarters will serve...

Rackspace Technology NASDAQ: RXT reported first-quarter 2026 revenue growth and reaffirmed its full-year outlook, while management emphasized the company's shift toward managed, governed enterprise artificial intelligence infrastructure for regulated and sovereign environments.